Wedbush isn't waiting for Facebook's (FB) IPO to start coverage with an Outperform and $44 PT,...

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Stone Fox Capital Comments (4577)
 
just don't see where FB is going after 2015. As an example, I've already shifted my time from FB to Twitter by at least 5 to 1. While most of my friends and family don't use FB that much, I just find the ability to network and interact with new people on Twitter much more interesting.

Not to mention I bet by 2013 most under 30s will have a new social site that doesn't include parents. If I was 20, I sure wouldn't want to have my friends and parents seeing the same stuff. Heck, they probably already have something that I don't even know about yet.
4 May 2012, 02:13 PM Reply Like

Hitesh Patel Comments (312)
 
Wow they derived a 44 number from a mere road show during the quiet period? Those Wedbush analysts must be really smart. Let's see if i'll get some of those shares if i place a IOI for them. My guess is the crime syndicate will give me all i want
4 May 2012, 02:25 PM Reply Like

thesuer Comments (159)
 
a valuation based on filings or is there a conflict lying somewhere- WEDBUSH kissing MZ arse.......are they even in on the deal?
1. FB is a hype
2. FB has falling revenues
3. FB GM currently are loftly but also stagnating
4. What about privacy
5. FB is nothing else but a picture viewer like the name suggest and obviously is the worlds next big thing but can they truly monetize it profitably?
I wonder what the lock up periods are for the underwriters?
6 May 2012, 03:33 PM Reply Like

DeepValueLover Comments (5089)
 
Welcome to 1999.

FB's IPO price will be 99 times profits.

What if we see the rise of Pinterest?

We already have LinkedIn and Foursquare.

No barrier to entry and scaling is relatively easy.

Reminds me of Rupert Murdoch's purchase of MySpace...

Facebook has no moat beyond 2013.
4 May 2012, 03:04 PM Reply Like

Husky Financial Comments (212)
 
this is a pretty ignorant statement.
5 May 2012, 09:59 AM Reply Like

DeepValueLover Comments (5089)
 
...and you've offered a pretty pointless response.
5 May 2012, 12:45 PM Reply Like

Joseph Poma Comments (353)
 
Have to disagree with you Stone on the extinction of younger generations on FB. Thanks to the ability to share with groups, Facebook has alleviated the problem of having a parent on the same site. All the kid has to do now when they post is to share only with certain groups. Kids are happy, their lives are still a secret, and parents don't harass them because they "know" what their kid is doing online.
4 May 2012, 03:28 PM Reply Like

blueguy19 Comments (27)
 
revenues don't add up for this kind of valuation... moreover 2012 is was biggest growth in revenues.. can't extrapolate exponential earnings from that point forward... math doesn't add up. And 12% of revenue coming from Zynga.. what if Zynga starts their own platform? and still uses facebook sign in and offers the same features wherein you see ur friends online etc..

Advertising, there is context based advertising like Google which is what really drives business or commerce. Will wait and watch...
7 May 2012, 09:40 PM Reply Like